$8,894 Closing Credit*
$749,000
3,244 SqFt
3 Beds
•2 Full Baths, 1 Partial
Emily Levy Payne, Listing Office: Frank Hardy Sotheby's International Realty
Is Catlett, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Catlett has remained a Seller's Market.
Key Takeaway
Catlett is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Catlett, VA
How much do homes in Catlett, VA cost?
Median Sold Price
$585,000
$293/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$35,000(-5.6%)
Key Takeaway
Homes in Catlett have sold for 5.6% less than they did a month ago.
Summary: The median home sold price in Catlett was $585,000 in October 2024, down 5.6% from last month, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $750K | N/A |
| 3 Bedrooms | $560K | $565K | +0.9% |
| 4 Bedrooms | $1.5M | $899K | -42.0% |
| 5+ Bedrooms | $1.1M | $870K | -24.3% |
Summary: Catlett housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 42%, and 5+ bedroom homes decreased by 24.3%.
Housing Supply in Catlett, VA
How many homes are available in Catlett, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 16 | -38.5% |
Summary: The Catlett real estate market had 16 homes for sale in October 2024, a 38.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 7 | -41.7% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Catlett housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 41.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Catlett, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Catlett in October 2024, the same as the previous month. Of the 11 sold homes, 64% were sold under asking, 36% were sold at asking, and 0% were sold over asking.
Days on Market for Catlett, VA
How long does it take to sell a home in Catlett, VA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 Days | 50 Days | -43.2% |
Summary: Homes in Catlett had an average of 50 days on market in Oct 2024, down by 43.2% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Catlett has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Catlett; 36% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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